Six Sigma Programs

question 9

Multiple Choice

Six Sigma programs:

• A) utilize advanced statistical methods to improve quality by reducing defects and variability in the performance of business processes.
• B) consist of a disciplined,statistics-based system aimed at producing not more than 2.5 defects per million iterations for a manufacturing or assembly process.
• C) are based on three principles: (1)all work is a statistically controllable process;(2)no well-controlled process allows variability;and (3)defect-free work requires tight statistical controls.
• D) suggest that all activities can be controlled,employee empowerment is the best control tool,and 100 percent control is possible.
• E) All of these.

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Definitions:

Sherman Act

A United States antitrust law passed in 1890 that prohibits monopolistic practices and promotes competition.

Horizontal Restraint

A type of anti-competitive practice that occurs between businesses at the same level of the supply chain, such as agreements between competitors to fix prices or divide markets.

Market Extension Merger

A merger between companies in similar industries but different markets, aimed at expanding the market reach of products or services.

Federal Trade Commission

An independent agency of the United States government tasked with promoting consumer protection and eliminating and preventing anticompetitive business practices.